Geithner needs to go........
From the Huffington Post:
A key question at the heart of the controversial bailout of AIG is just how much money the government lost. The Federal Reserve and Treasury Department have worked to keep that number secret and to conceal who was on the winning end.
An unredacted document obtained by the Huffington Post list the damage in detail. Goldman Sachs alone, for instance, got $14 billion in government money for assets worth $6 billion at the time -- a de facto $8 billion subsidy, courtesy of taxpayers.
The list was produced as part of a congressional investigation led by the House Oversight and Government Reform Committee into the federal bailout of AIG.
The Federal Reserve Bank of New York, then led by now-Treasury Secretary Tim Geithner, purchased a slew of souring assets from the world's biggest banks for 100 cents on the dollar in November and December 2008. A scathing report by a government watchdog held Geithner responsible for the overpayments."
And so I ask 'Why is Timothy Geithner secretary of the treasury?"
And I ask 'Why is Timothy Geithner not being prosecuted?"
| < On Canadian Cultural Imperialism, Or, I Explain Red Green | On Balanced Budgets, Or, Hey, Rand, Why Not Show Your Cards Now? > |
Geithner needs to go........ | 1 comment (1 topical)
Geithner needs to go........ | 1 comment (1 topical)
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